Brunei-Thailand trade up 25.7% in 2021

James Kon

Total trade between Brunei Darussalam and Thailand in 2021 increased by 25.7% to $611.87 million, compared to 2020, Thailand’s Ambassador-designate to Brunei Darussalam Boosara Kanchanalai said during the meeting. opening ceremony of “Thailand Bazaar” at OneCity shopping mall. yesterday.

This made Thailand one of the Sultanate’s top 10 trading partners, the ambassador-designate said. “The pandemic of the past three years presents us with a new opportunity to promote Thai Micro, Small and Medium Enterprises (MSMEs) based in Brunei as a way to support them.

“MSMEs are particularly vulnerable to disruptions in the supply chain, supply of labor and demand for goods and services,” she added.

“We recognize MSMEs as the backbone of our economy and bilateral trade, so supporting them during difficult times such as the pandemic is crucial.

“One of our goals is to support Thai products in the Brunei market and maintain the flow of bilateral trade between our two countries,” she said.

The Thailand Bazaar offered Thai specialties like tom yum, pad thai and som tam as well as khao soi, a curry and coconut noodle from northern Thailand.

ABOVE AND BELOW: Deputy Permanent Secretary (Trade and Industry) Ministry of Finance and Economy Mohammad Harris bin Brigadier General (Rtd) Dato Paduka Haji Ibrahim with Ambassador Designate of Thailand to Brunei Darussalam Boosara Kanchanalai at OneCity Mall Thai Bazaar. PHOTOS: JAMES KON

Besides food, desserts and beverages, the bazaar also features hydroponic vegetables, fruits, dried processed foods, clothing, jewelry, handicrafts, tools and products, as well as halal products, a halal e-commerce platform, halal logistics and services.

Visitors can also see food and craft demonstrations during the event.

The bazaar was launched by the Deputy Permanent Secretary (Trade and Industry) of the Ministry of Finance and Economy Mohammad Harris bin Brigadier General (Rtd) Dato Paduka Haji Ibrahim along with the designated Ambassador.

Forty stalls are taking part in the bazaar, including the Thai Tourism Board and Trade Promotion Board which flew direct from Kuala Lumpur and will provide first-hand information on business matchmaking and tourist attractions in Thailand.

The Bureau of Labor Affairs is also present to provide information on the potential supply of skilled labor from Thailand.

The event is jointly organized by the Royal Thai Embassy in Brunei Darussalam in collaboration with the Thai Department for the Promotion of International Trade; Tourism Authority of Thailand; Office of the Defense Attaché; and Bureau of Labor Affairs.

OPEN, CONNECT AND BALANCE
As host of APEC 2022, Thailand’s priorities for the region’s post-pandemic future are guided by the theme “Open, Connect and Balance”, the Ambassador-designate said.

“We are ‘open’ to all opportunities to facilitate trade and investment; “connect” in all dimensions in terms of resuming cross-border travel and using technology to accelerate connectivity in the region; and ‘balance’ all aspects of promoting inclusive and sustainable growth by prioritizing the fight against climate change and environmental challenges,” she said.

She said sustainable economic development was also high on Brunei’s agenda as one of the goals of Brunei Vision 2035, adding that the Sultanate’s aspirations were to ensure the economy is open and globally connected. and ensure the preservation of the environment.

“These are aligned with Thailand’s ‘Bio-Circular-Green’ business model by advocating environmentally friendly and sustainable business practices while investing in green technologies.”

Meanwhile, she said tourism is one of the five priority sectors identified in Brunei’s economic plan and said the sector accounts for 20% of Thailand’s gross domestic product. “As a significant contributor to Thailand’s economy which has been one of the hardest hit by the pandemic, we need to look beyond the recovery where we envision tourism of a regenerative nature.”

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